Nymex handelt Soft Commodities ab 21.12.06
NYMEX To Introduce Six Soft Commodity Futures Contracts
(20.12.06) - New York Mercantile Exchange, Inc. today announced that it will introduce six new soft commodity futures contracts on the NYMEX ClearPort® clearing and trading platform, beginning today at 6:00 PM for trade date December 21 .
The new futures contracts and their commodity codes are: NYMEX cocoa (CJ), NYMEX coffee (KT), NYMEX cotton (TT), NYMEX FCOJ (frozen concentrated orange juice) (FJ), NYMEX sugar #11 (YO), and NYMEX sugar #14 (FT).
NYMEX anticipates listing these contracts on CME Globex by the end of January 2007.
The contract units will be: 10 metric tons for NYMEX cocoa futures; 37,500 pounds for NYMEX coffee futures; 50,000 pounds for NYMEX cotton futures; 15,000 pounds for NYMEX FCOJ futures; and 112,000 pounds for NYMEX sugar #11 and NYMEX sugar #14 futures contracts.
For all contracts, the initial contract month will be March 2007. Fees will be waived for the first six months, through June 2007.
Margins for the NYMEX cocoa and sugar #11 futures contracts will be $750 for clearing members, $825 for members, and $1,013 for customers. Margins for the NYMEX FCOJ futures contract will be $1,200 for clearing members, $1,320 for members, and $1,620 for customers. Margins for the NYMEX sugar #14 futures contract will be $500 for clearing members, $550 for members, and $675 for customers. Margins for the NYMEX coffee futures contract will be $2,000 for clearing members, $2,200 for members, and $2,700 for customers. Margins for the NYMEX cotton futures will be $1,500 for clearing members, $1,650 for members, and $2,025 for customers.
Margins for inter-commodity spreads for the NYMEX cocoa and coffee futures contracts will be $150 for clearing members, $165 for members, and $203 for customers. Inter-commodity spread margins for the NYMEX FCOJ and cotton futures contracts will be $300 for clearing members, $330 for members, and $405 for customers. Inter-commodity spread margins for the NYMEX sugar #14 futures contract will be $500 for clearing members, $550 for members, and $675 for customers. Inter-commodity spread margins for the NYMEX sugar #11 futures contract will be $200 for clearing members, $220 for members, and $270 for customers.
The position accountability levels for the NYMEX cocoa futures contract will be 6,000 contracts for any single month or all months. The contracts have a 750-contract expiration month limit. The position accountability levels for the NYMEX coffee futures contract will be 5,000 contracts for any single month or all months. The contracts have a 500-contract expiration month limit. The position accountability levels for the NYMEX cotton futures contract will be 5,000 contracts for any single month or all months. The contracts have a 300-contract expiration month limit. The position accountability levels for the NYMEX FCOJ futures contract will be 3,200 contracts for any single month or all months. The contracts have a 300-contract expiration month limit. The position accountability levels for the NYMEX sugar #11 futures contract will be 9,000 contracts for any single month or all months. The contracts have a 5,000-contract expiration month limit. The position accountability levels for the NYMEX sugar #14 futures contract will be 1,000 contracts for any single month or all months. The contracts have a 1,000-contract expiration month limit.
For each of these contracts, clearing members must identify customers with a position of 25 or more contracts to NYMEX.
NYMEX Executive Chairman Richard Schaeffer said, "NYMEX is excited to be the first to offer these vital soft commodity futures contracts on an electronic trading and clearing platform. We are proud to provide innovative and timely solutions to our customers based on their risk management needs on a dynamic electronic platform. Launching new product lines, such as NYMEX iPortTM and the soft commodities, is part of our continued efforts to diversify our business."
CME Executive Chairman Terry Duffy said, "NYMEX's entry into the soft commodities market is a bold move and logical extension of their product strategy. We look forward to working closely with NYMEX to achieve a successful launch on CME Globex."
For more information, go to http://www.nymex.com/softs.
For more information, go to http://www.nymex.com/softs_home.aspx
Link zum Aussuchen:
http://www.nymex.com/softs
http://www.nymex.com/softs/
http://www.nymex.com/softs_home.aspx
NYBOT Statement On NYMEX Soft Commodities
(21.12.06) - The New York Board of Trade® (NYBOT®), the world’s leading soft commodity exchange, issued today a statement regarding the New York Mercantile Exchange (NYMEX) listing of cash-settled clones of the NYBOT flagship soft commodity contracts on the NYMEX ClearPort trading and clearing system:
“We believe the NYMEX action is a transparent attempt to interfere with the merger of NYBOT and IntercontinentalExchange (ICE) that was overwhelmingly approved by the NYBOT membership last week,” said C. Harry Falk, NYBOT President and CEO. “In our view, this has little to do with market demand for these contracts, but is an obvious attempt to prevent a change in control under NYBOT’s valid lease. The lease contains provisions to prevent products that compete with NYMEX from being listed on the NYBOT trading floor,” he continued. “Moreover, while it may be tempting for the dominant electronic trading platform to employ pricing power to stifle competition, we do not believe it will succeed. We are confident that NYBOT’s strong reputation for customer relationships, market depth, high-quality floor broker community, and license of the ICE trading platform can withstand competition in soft commodities from competitors with no prior experience,” said Mr. Falk.
Beginning with cotton in 1870, the New York Board of Trade has supplied the cocoa, coffee, cotton, citrus and sugar industries with the highest quality price discovery through its exclusive Coffee “C”®, Cotton No. 2sm, Sugar No. 11sm and Sugar No.14sm futures and options contracts. Its cocoa and FCOJ contracts have served as world pricing benchmarks to the cocoa and citrus industries since 1925 and 1966 respectively. In addition, it has developed and provided unparalleled direct services and unique support to each physical industry through such innovations as its web-based electronic documentation and delivery system (eCOPS®) along with its many certification and grading programs.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at http://www.nybot.com and http://www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to http://www.futuresandoptionsforkids.org.
Please be advised that the Exchange is moving its trading venue for financially settled Contracts on Coffee, Cotton, Frozen Orange Juice, Sugar #11, Sugar #14, and Cocoa. Beginning Sunday evening, January 7, 2007, these futures contracts will begin trading on the CME Globex trading platform from 6:00 P.M to 5:15 P.M. the following day for trade date January 8, 2007. These futures contracts will still continue to clear on NYMEX ClearPort® Clearing. These futures contracts will continue to trade on NYMEX ClearPort® Trading until 5:15 P.M. on January 5, 2007. With the introduction of CME Globex trading, NYMEX will continue to waive trading, transaction, and clearing fees, as previously announced, through June 2007.
source: NYMEX
@ Richard Ebert [#4]
ICE Announces January 19 Launch Date for
Electronic Trading of NYBOT Soft Commodities
Merger Expected to Close by Mid-January
ATLANTA (January 4, 2007) --IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced that it expects to close on its planned merger with the New York Board of Trade® (NYBOT®), the leading soft commodity exchange, in mid-January and launch side-by-side trading of the NYBOT’s benchmark agricultural commodities on ICE’s electronic trading platform for the trade date January 19, 2007.
NYBOT’s open outcry trading hours will remain unchanged. Electronic trading will be offered around the clock each trading day in the physical contracts for Sugar #11 sm (SB), Sugar #14 sm (SE), Cotton No. 2 sm (CT), Coffee “C”® (KC), Cocoa (CC), and Frozen Concentrated Orange Juice (OJ). Electronic markets are expected to be available from 8:00 p.m. ET the prior evening until 6:00 p.m. ET of the trade date. Contract specifications and commodity codes will remain unchanged for both floor and electronic contracts, which will be fungible with one another.
http://www.nybot.com/news/pressReleases/pressRelease.asp?releaseID=1609
@ TraderLux [#6]
Electronischer Handel der Soft läuft bereits: NYBOT on ICE, Begins on February 2, 2007 at 7:00 am
Trade the Power of the Benchmark on the ICE electronic platform – the gateway to the global marketplace.
The New York Board of Trade has opened an electronic portal to its benchmark futures and options contracts – Cocoa, Coffee “C”®, Cotton No. 2sm, Sugar No. 11sm, Sugar No. 14sm, and FCOJ.
The award-winning technology that serves the industry-leading energy contracts of the IntercontinentalExchange (ICE) now provides global electronic access to the leading soft commodity marketplace. Hedgers and investors from around the world can choose the way they trade the real price of NYBOT’s Original Softs – on screen or in the ring.
ICE’s electronic platform is the gateway to an open marketplace where each participant has access to real-time price discovery and trading functionality. NYBOT on ICE is available through a variety of interface alternatives, including ICE’s Internet-based front-end, WebICE, proprietary front-end systems via ICE’s API, independent software vendors (ISVs) and brokerage firms.
With distribution in 34 countries, direct access to NYBOT on ICE is available on more than 8,000 active trading screens and through many participant firms. And, potentially thousands of additional individuals can access the electronic marketplace through an array of ISVs.
http://www.nybot.com/
TraderLux [#6]
NYMEX <---- Hast dich im Thread verlaufen !
ICE/NYBOT braucht einen eigenen Thread !
P.S. NYBOT wurde übernommen durch ICE per 12.01.2007
@ Schlumpf007 [#8]
Die NYBOT hat ja erst durch den Launch der Softs im elektronischen Handel durch die NYMEX das Projekt elektronischen Handel forciert.
Meinem Verständnis nach ging es hier eher um den elektronischen Handel von Soft Futures. Falls dich das aber so stört, dann entschuldige ich mich tausendmal.
TraderLux [#9]
Oder umgekehrt: NYBOT hatte nämlich schon Anfang 2006 den E-Handel über E-CBOT geplant.
Es geht darum, dass Nymex und NYBOT viele Jahre am gleichen Parkett gehandelt haben und technische Funktionen gemeinsam genutzt haben. Die Softfutures des NYBOT wurden bisher nicht elektronisch gehandelt.
Jetzt beginnen beide Börsen gleichzeitig den elektronischen Handel und mir ist schon jetzt klar, dass die Nymex keinerlei Chance hat, einen signifikaten Anteil des Handels an sich zu ziehen. Dort werden eben Metalle und Edelmetall sowie Öl- und Enegiefutures gehandelt, aber kein Kaffee oder Orangensaft.
Mir ging es beim Theme nicht um die Zuordnung von Meldungen zu Börsen, sondern um den tobenden Wettkamp der US-Terminbörsen, sofern sie sich gerade nicht mal gegenseitig aufkaufen.
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NYBOT Softs Exceed 12,000 Contracts On First Day Of Trading On The ICE Platform
(02.02.07) - IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace and soft commodities exchange, and its regulated subsidiary, the New York Board of Trade (NYBOT), announced the successful launch of side-by-side trading for the NYBOT’s physical soft commodity contracts, with more than 12,000 contracts changing hands electronically by the close of trading today. Beginning today, the NYBOT commodity contracts became available for electronic trading for the first time. Commodities offered included cocoa, coffee, cotton, orange juice and sugar, with traders accessing the ICE electronic trading platform through WebICE, the front-end provided by ICE, and through leading independent software vendors.
“With over 12,000 contracts traded electronically by more than 100 firms and hundreds of users, today’s launch of side-by-side trading is reaffirmation of NYBOT’s position as the leading global soft commodities exchange,” said NYBOT Chairman Fred Schoenhut. “We are pleased to offer our customers a choice in how they access our robust markets and appreciate the strong support of the community.”
“The strong introduction of screen trading for NYBOT’s benchmark contracts was gratifying given the dedicated efforts of our employees and the diligent preparations made by the floor community, clearers, customers, ISVs and quote vendors,” said Chuck Vice, ICE President and COO. “We completed months of work in a short timeframe and will be working to expand the product offering, add customers and screens, and further develop functionality.”
In November, NYBOT selected the ICE platform, a leading electronic commodity trading platform based on speed, functionality and global distribution. In the coming weeks, NYBOT’s currency and index products will be added to the platform. Electronic markets operate from 7:00 a.m. ET through 3:15 p.m. ET, with NYBOT’s floor hours remaining unchanged.
ICE closed on its transaction to acquire the NYBOT on January 12, 2007.
Richard Ebert [#11]
Schön und gut. Aber warum dann nicht NYMEX und NYBOT im Titel oder nur "Softs" (ohne Börse) ?
@ Schlumpf007 [#12]
Weil die interessante Nachricht darin liegt, dass sich die Nymex an Produkte wagt, ohne den historischen Hintergrund zu haben.
Ansonsten liegt der Kontraktbestand der Nymex bei rund 50 Kakao Futures und weniger als 20 der anderen Märkte, alle im März Termin. Das Thema hat sich vermutlich in den nächsten 6 Wochen erledigt.